Issue №3, 2018

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Analysis of the factors influencing development of renewables for power supply to remote consumers

Full article

Yu.A. Nazarova, Peoples’ Friendship University of Russia, Moscow, Russia, PhD, assistant professor Department of Engineering Business and Management; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

O.A. Gorunov, Gubkin Russian State University of Oil and Gas (National Research University), Moscow, Russia, PhD, associate professor of theoretical electrical engineering and electrification of oil and gas industry, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

S.A. Zhiltsov, Peoples’ Friendship University of Russia, Moscow, Russia, Assistant Lecturer Department of Engineering Business and Management; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Relevance of research of development factors of renewable energy sources (RES) for power supply of remote consumers is explained by search of effective leverage of their stimulation.The novelty of the research results consists in the model development for assessing the factors impact on the development of innovative energy supply based on the method of linear regression and correlation analysis using a single – factor model. In the model, it is proposed to use the share of consumption of renewable energy in the total consumption as a resultant variable. For an independent variable, the authors propose to take the volume of investments in renewable energy sources. The source of data on the values of the factor variable is the World Bank database. Based on statistical data, the authors described the economic and mathematical model of the impact of investments in innovative energy sources on the share of consumed energy by the linear regression equation.The materials of the article are of theoretical value for scientific research in the field of management of technological innovations in renewable energy. The economic and mathematical model proposed by the authors of the article is useful for making investment decisions on innovative energy supply to remote consumers at the state and business level.

Keywords: remote consumers; isolated power systems, renewable energy sources; economic efficiency; development factors.

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For citation: Nazarova Yu. A., Gorunov O.A., Zhiltsov S.A. Analysis of the factors influencing development of renewables for power supply to remote consumers // Corporate governance and innovative economic development of the North: Bulletin of the Research Center of Corporate Law, Management and Venture Capital of Syktyvkar State University. 2018. № 3. P. 28-40.